Legacy Financial Advisors Inc. Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Legacy Financial Advisors Inc. lowered its position in The Procter & Gamble Company (NYSE:PG) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,645 shares of the company’s stock after selling 1,444 shares during the quarter. Procter & Gamble comprises about 2.2% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 12th largest position. Legacy Financial Advisors Inc.’s holdings in Procter & Gamble were worth $11,378,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PG. Naples Money Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth about $29,000. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $33,000. Mendota Financial Group LLC lifted its position in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after purchasing an additional 261 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of Procter & Gamble during the fourth quarter worth $56,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the completion of the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total value of $5,049,900.00. Following the completion of the transaction, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold 86,865 shares of company stock valued at $14,059,180 over the last quarter. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group assumed coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Finally, Royal Bank of Canada raised their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Stock Up 0.4 %

NYSE PG traded up $0.62 during trading on Friday, hitting $164.46. The company’s stock had a trading volume of 5,581,692 shares, compared to its average volume of 6,941,715. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a market cap of $388.15 billion, a PE ratio of 26.87, a P/E/G ratio of 3.34 and a beta of 0.43. The business’s 50 day simple moving average is $160.01 and its 200-day simple moving average is $154.17. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.71.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. Procter & Gamble’s payout ratio is 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.